Ways Psychology Affects Your Money
- Spender vs. Saver: Spenders can see so many creative possibilities when it comes to money. On the other hand, a saver’s first instinct is to not spend their money.
- Nerd vs. Free Spirit: Nerds genuinely look forward to organizing their budget. Free spirits... need the nerds to help them make a realistic budget.
- Safety vs. Status: People who value safety want the security that money can bring. They need to watch out for living in fear (that keeps them from giving generously, investing in retirement, or even spending money on things they really need).
- Your Family and Childhood: The way you
heard your parents talk about money—or not talk about it—definitely influenced your attitude about it from an early age. This alone won’t define your money mindset, but it’s good to be aware of.
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Understanding the Psychology of Money and What It’s Costing You
ramseysolutions.com
4 ideas
·10.5K reads
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The psychology of money is the study of our behavior with money.
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The idea is part of this collection:
Learn more about psychology with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
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